University presidents discuss state funding

FRANKFORT, Ky. (AP) - The presidents of the state's researchuniversities discussed with lawmakers how they are dealing withnearly $29 million in combined state budget cuts.

University of Kentucky President Eli Capilouto and University ofLouisville President James Ramsey testified Thursday before theHouse Subcommittee on Postsecondary Education to discuss theirfunding needs and what their institutions are doing to generateincome and cut costs.

Capilouto said UK has achieved $118 million in savings since2001-2002 with measures such as implementing a wellness program for employees and avoiding duplication of expenses and will continue to work on achieving savings.

Ramsey said U of L has a $1 billion private fundraising goaland, like UK, hopes to generate much greater income throughresearch.

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